PA Ventures
PA's venture programme (PAGroup Ventures) was established in 2000 to exploit the ideas and intellectual capital generated from its consulting work. This has been highly value generating: for example PA created a third-generation mobile phone business called UbiNetics which was sold in two tranches for a total of $133 million in 2005; and Meridica - a drug delivery system company - was valued at time of sale to Pfizer at $125 million in 2004. Each sale generated a return of many multiples of PA's total investment in its ventures programmes to date.
PA demerged its successful venture arm, Ipex Capital, in June 2008. PA Consulting continues to work closely with Ipex Capital on existing ventures in the Ipex portfolio as well as looking at new opportunities together.
Procserve continues to be a wholly owned business of PA Consulting Group, providing secure electronic marketplaces with vendor-neutral connectivity and transaction capabilities.
Read more about this topic: PA Consulting Group
Famous quotes containing the word ventures:
“At the moment when a man openly makes known his difference of opinion from a well-known party leader, the whole world thinks that he must be angry with the latter. Sometimes, however, he is just on the point of ceasing to be angry with him. He ventures to put himself on the same plane as his opponent, and is free from the tortures of suppressed envy.”
—Friedrich Nietzsche (1844–1900)